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Cable Update (GBPUSD)

  • #291,321
  • Oct 27, 2011 12:14am Oct 27, 2011 12:14am
.
Quoting iqyu5an
[i]We have highlighted in bold the important bits.

Note that while the statement says in point 12 that the notional discount is 50%, the way that the discount functions really equates to a 30% haircut (not touching the Troika or ECB debt haircuts under the "invite" to take haircuts). This will be seen as inadequate by markets.

Also note the contradiction inherent in points three and four. Plus note that point 8 implicitly means more cuts will be necessary if the present austerity makes Portugal and Ireland miss...
not euphoria follower
  • #291,322
  • Oct 27, 2011 1:44am Oct 27, 2011 1:44am
Morning, the crazy day is over! I'm going to have good trades today.

Regards,

Josef
  • #291,323
  • Oct 27, 2011 2:01am Oct 27, 2011 2:01am
Quoting iqyu5an
100 % vs 50 % haircut
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  • #291,324
  • Oct 27, 2011 2:04am Oct 27, 2011 2:04am
Quoting kaspopsicle
bon appetit, bueno appetito . Technically, i'd say we have quite a lot more scalpy munchies up and down before we see any direction. i dont do fundies other than very basic terminology.... and that only so's i can understand what my mates are on about.
The only line i see at 5858 is doji 12 sept. This is a level that i acknowledge as bottom line in current demand zone. However, my line for support is drawn at 890. All part of the fun and games. ..
you are right!
i was too much waiting that move near 5860 which was previous high seen in h4 where price drawn a kind of bullish flag.
this happen sometimes.... i went long 5906 and closed whole 5940 thinking on last move down to touch bit lower

the damn usd jpy still not going up.

oh well.... good morning!
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  • #291,325
  • Oct 27, 2011 2:13am Oct 27, 2011 2:13am
there is a bearish divergence in macd.

if happens a move near 6060 n 6100 i expect a strong rejection down

but overall in h1 and now in h4 i see price in strong uptrend so possible if goes down to buy dips?

i hate this area 1.59 1.60 is always a shit.
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90% of traders use TA, indicators and prediction
  • #291,326
  • Edited 2:31am Oct 27, 2011 2:15am | Edited 2:31am
Shit ! 2 times compose & unable post due to my computer & connection problem .

Morning , so the longs kept at be last night worked better than all usuals & close at bed time last night .Thanks to eu spike up breaking 3960 spike before get caught in the news effect for the bull signal . my usdchf & usdjpy signal remain very intact of risk appetite & so gold , eu,gu up for some days at least , ok passed few & now much better for more days .

expecting more to up breaks 6096 better say 6100 towards 6200+ .
lets see what happen with all good for eu at last .
much better prospect it breaks 6100 than eu breaks 4100 & much clearer perhaps gu so far for the up while eu at one 5th of 5th wave & daily range limit goes below 4100, 4088 before correction likely . so go next top & range there .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,327
  • Edited 2:44am Oct 27, 2011 2:28am | Edited 2:44am
G/M

as Eurusd makes upside progress on Eu deal announce...this pairing stuck between weds/current weekly hi @ 6042 and the pullback from that at the 38.2% 5629-6042...nearer the 6042 than the 5890 pullback lo at said 38.2% fib.

Upside of current price:
6024-42 previous 1hr/4hr swing hi zone incl 6137 = Daily R1 @/around

6042-84 prev 4hr/daily swing hi zone incl 6072 = Wkly R1 @/around
6103 61.8% 6617-5270
6110-6127 prev daily sw lo zone (non immed) incl 6115 = Daily R2 @/around, 6117 Monthly R1 @/around
6163-6206 prev 4hr sw hi zone incl 6173 = 76.4% 6454-5270, 6181=61.8% 6746-5270, 6188 = Daily R3 @/around and 6194 = Wkly R2 @/around
6229-6253 previous minor 4hr swing hi zone
6240-77 prev daily swing lo zone (non-immed)
6300 76.4% 6617-5270
6321-33 previous minor 4hr swing hi zone
6397 76.4% 6746-5270
6414 Wkly R3 @/around
6423-53 previous 4hr/daily previous swing lo/hi zone

Current near-term 1hr screenshot re potential supp/res factors on that t/f below....

G/L
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ex member
  • #291,328
  • Oct 27, 2011 2:31am Oct 27, 2011 2:31am
eu... eu...
is that kind of day where there is a move in EUR GBP so GU is hold sideway?
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  • #291,329
  • Oct 27, 2011 2:31am Oct 27, 2011 2:31am
underside of previous ascending trend line is where the current upside block is.

G/L
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ex member
  • #291,330
  • Oct 27, 2011 2:39am Oct 27, 2011 2:39am
Quoting bbmac
G/M

as Eurusd makes upside progress on Eu deal announce...this pairing stuck between weds/current weekly hi @ 6042 and the pullback from that at the 38.2% 5629-6042...nearer the 6042 than the 5890 pullback lo at said 38.2% fib.

Upside of current price:

6024-42 prev 1hr/4hr swing hi zone with 6037 = Daily R1 @/around
6042-84 prev 4hr/daily swing hi zone incl 6072 = Wkly R1 @/around
6103 61.8% 6617-5270
6110-6127 prev daily sw lo zone (non immed) incl 6115 = Daily R2 @/around and 6117 = Monthly R1 @/around
6163-6206 prev 4hr sw hi zone incl...
Thanks for the detail analysis & levels to watch. yes watching R1 daily 6037 break again hold to have the confirmation up or better take 6046 & not 6072 of weekly R1 to care more though .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,331
  • Oct 27, 2011 2:45am Oct 27, 2011 2:45am
Quoting _BBKing_
..
the damn usd jpy still not going up.

oh well.... good morning!
Good morning.. just be patient mate.

Don't tell me you didn't buy aud jpy yesterday.. Anche male, se non..
  • #291,332
  • Oct 27, 2011 2:47am Oct 27, 2011 2:47am
still no daily candle close above the 50% of the main 6746-5270 move ie current yearly hi-lo although price has been above it (6007.)

Will this be the day?

G/L
ex member
  • #291,333
  • Oct 27, 2011 2:56am Oct 27, 2011 2:56am
upside break of previous 15min congestion - will this current congestion see same ?

upside progress currently laboured

G/L
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ex member
  • #291,334
  • Oct 27, 2011 2:58am Oct 27, 2011 2:58am
Quoting gsantri
Good morning.. just be patient mate.

Don't tell me you didn't buy aud jpy yesterday.. Anche male, se non..
aud jpy? does it exist?
lolz joking... no i didn't bro
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  • #291,335
  • Edited 3:17am Oct 27, 2011 3:04am | Edited 3:17am
Quoting bbmac
still no daily candle close above the 50% of the main 6746-5270 move ie current yearly hi-lo although price has been above it (6007.)

Will this be the day?

G/L
may be , but as always was in suspecion , may be up few hundreds with present eu summit scam to sky fall next when they face in reality , few days over & if few days continue or in turmoil ok for me as not think yet will continue sustain with all german bailout alone perhaps for next 9 months together . better take the fate now & regroup & revolution next cold & silent not nasty Libya style !

basically I am little tense over gold , risk appetite for the timebeing signal ok but wavebase it should correct towards 1681-1664 as waiting recent days . limits also up there for the up & before huge down possible . so it must affect currencies if start the turmoil now .

Note : gather new hope for gold to up continue from h1 tf top & perhaps no correction before it top first .

eu to confirm 2nd level 4048 for the reversal by this time & as trying now .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,336
  • Oct 27, 2011 3:11am Oct 27, 2011 3:11am
Strong divergence on H4. I think we are going down from here.
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  • #291,337
  • Oct 27, 2011 3:14am Oct 27, 2011 3:14am
Quoting _BBKing_
aud jpy? does it exist?
lolz joking... no i didn't bro
lol..
Yesterday was a perfect entry. its a carry trade.
in the extreme, even if you DD you still get paid from the interest rate differentials (AUD 4.75% - JPY 0.10%)
swap
  • #291,338
  • Oct 27, 2011 3:16am Oct 27, 2011 3:16am
find it interesting that after the eu chest beaters have done their bit

EU price has found its way to the 50 fib on it's weekly chart too

some good numbers for the USD today may see the GU 50 continue to hold?

Attached Image
  • #291,339
  • Oct 27, 2011 3:27am Oct 27, 2011 3:27am
Quoting gsantri
lol..
Yesterday was a perfect entry. its a carry trade.
in the extreme, even if you DD you still get paid from the interest rate differentials (AUD 4.75% - JPY 0.10%)
swap
yes i remember you told me about aud jpy.
was better for me to listen to you and watch better that chart! ....
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  • #291,340
  • Oct 27, 2011 3:29am Oct 27, 2011 3:29am
Quoting Bd69
Strong divergence on H4. I think we are going down from here.
Attachment
hello,
possible but be careful with oscillators
many other factors (emas) says up.
maybe another quick correction down can happen imo to reload oscillators
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